Dublin, January 5, 2023 /PR Newswire/ — “Global NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs for NFT Investments by Key Assets, Currencies and Distribution Channels – Q2 2022” report added of ResearchAndMarkets.com Recruitment.
The global NFT industry is expected to grow by 51.0% on an annual basis. US$46,157.4 million Globally by 2022.
The NFT industry is expected to grow steadily over the forecast period, registering a CAGR of 37.1% from 2022 to 2028. NFT spending is US$46,157.4 million reach 2022 $278.4753 billion By 2028.
The NFT market has recently experienced significant growth. The NFT market is booming as NFTs are the first innovation to establish property rights in the digital zone and this uniqueness increases the value of his NFTs.
The growing influence of celebrities on NFT adoption, the modernization of the gaming business, and the slow but steady increase in demand for digital art are all major factors driving the pace of NFT growth. Moreover, global growth will further accelerate as NFT startups continue to innovate and develop differentiated NFT products.
The NFT industry in the UK also receives government support. In particular, government support for the development of the NFT industry is a testament to the high growth potential of the NFT market. EnglandThe NFT space has attracted attention from major institutions, including the public and private sectors. Government agencies around the world are aware of his NFTs as the industry continues to record strong growth on the back of growing public interest in digital assets.
in the Englandthe government took a proactive approach by announcing plans to create NFTs. cipher. of April 2022, the UK Chancellor of the Exchequer has asked the Royal Mint to create and issue NFTs by the summer. The issuer believes that the forward-looking approach taken by the government England We will drive the next growth stage of the domestic NFT industry.
nonsubstitutable Token (NFT) Market latin america It has expanded rapidly in the last few years. In addition, his visual adoption by artists and celebrities in the music industry has boosted the growth of the NFT industry. Brazil When MexicoThe NFT Marketplace seeks to tap into the potential of a high-growth market. As a result, the company has entered into strategic partnerships with Brazilian footballers to drive growth in the NFT market.
The advent of NFTs has created a space for digital artists. Asia Pacific It provided a more discreet way to reach inaccessible audiences. The NFT market has created endless possibilities for artists who previously worked with brands and agencies to find more independent options.
of India, many artists are selling their work on various NFT platforms, creating new revenue streams. Several major Chinese companies are jumping on the NFT bandwagon. These include internet tech giants, blockchain startups, retail brands and art auction houses.
in the middle east When Africa The region, especially the United Arab Emirates, has embraced NFT-related activities. In 2022, Art Dubai, the largest contemporary art fair in the MENA region, welcomed nearly 100 national and international art dealers and a digital collection of 17 platforms and galleries dedicated to exhibiting and selling NFTs. Buying, selling and making NFTs has surged significantly in the UAE as more and more countries seek to impose tough regulatory measures on his NFTs.
Several innovative NFT marketplaces have also emerged in the country, making it relatively easy for ordinary people to buy, sell and trade NFTs. From NFT-based startups Cryptocurrency exchange, some players are in middle east and the African NFT market. The existence of several NFT marketplaces is also supporting an increase in the value and volume of NFT transactions, a trend that is expected to gain even more momentum globally.
Factors that have increased the popularity of NFTs among the general public include the tech-savvy nature of consumers and the country’s high smartphone and internet penetration.
The publisher expects this trend to continue over the next four to eight quarters as more and more players, including governments, enter the NFT sector. are growing in popularity, which will support overall market growth in the short to medium term.
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1 About this report
1.3 Definition of NFTs
2 NFT Market Size and Future Growth Dynamics by Key Performance Indicators
2.1 NFT – Total Sales Spend Trend Analysis, 2019 – 2028
2.2 NFT – Trend Analysis of Total Sales, 2019 – 2028
2.3 NFT – Average Value Trend Analysis per Transaction, 2019 – 2028
3 NFT market size and forecast by major assets
3.1 NFT Market Share (%) by Key Assets, 2021 vs. 2028
3.2 NFT Collectibles and Art Trend Analysis, 2019-2028
3.3 NFT Real Estate Trend Analysis, 2019 – 2028
3.4 NFT Sports Trend Analysis, 2019-2028
3.5 NFT Gaming Trend Analysis, 2019-2028
3.6 NFT Utility Trend Analysis, 2019-2028
3.7 NFT Fashion and Luxury Trends Analysis, 2019-2028
3.8 NFT Other Asset Trend Analysis, 2019 – 2028
4 NFT collectibles and art market size and forecast by major assets
4.1 NFT Goods and art market share By major assets (%), vs. 2021. 2028
4.2 NFT Collectibles and Art – Digital Art Spending Trend Analysis, 2019 – 2028
4.3 NFT Goods and Art – Trend Analysis of Spending on Music and Sound Clips, 2019-2028
4.4 NFT Collectibles and Art – Video Spending Trend Analysis, 2019 – 2028
4.5 NFT Merchandise and Art – Trend Analysis of Meme and GIF Spending, 2019-2028
4.6 NFT Goods and Art – Trend Analysis of Spending on Other Assets, 2019-2028
NFT Market Size and Forecast by 5 Currencies
5.1 NFT Market Share (%) by Currency, 2021 vs. 2028
5.2 NFT Currency ethereum – Spend trend analysis from 2019 to 2028
5.3 NFT Currency Solana – Spend Trend Analysis, 2019 – 2028
5.4 NFT Currency Avalanche – Spend Trend Analysis, 2019-2028
5.5 NFT Currency Polygons – Spend Trend Analysis, 2019 – 2028
5.6 NFT Currencies BSC – Spend Trend Analysis, 2019 – 2028
5.7 NFT Currency Flows – Spend Trend Analysis, 2019 – 2028
5.8 NFT Currency WAX – Spend Trend Analysis, 2019 – 2028
5.9 NFT Currency Ronin – Spend Trend Analysis, 2019 – 2028
5.10 NFT Other Currencies – Spend Trend Analysis, 2019 – 2028
6 NFT Market Size and Forecast by Major Sales Channels
6.1 NFT Market Share (%) by Major Distribution Channels, 2021 vs. 2028
6.2 NFT Primary Market – Spending Trend Analysis, 2019-2028
6.3 NFT Secondary Market – Spending Trend Analysis, 2019 – 2028
Learn more about this report here https://www.researchandmarkets.com/r/zbjfa3
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